FOMC minutes on swap lines
November 21, 2008 at 10:23 AM EST
[Skip to the end] The FOMC doesn’t seem to treat the swap lines any differently than the domestic lending arrangements: In view of a further widening in financial market strains internationally, the Committee considered proposals to establish temporary reciprocal currency (”swap”) arrangements with several additional foreign central banks. Members unanimously approved the following resolution, which effectively permitted [...]